LAS VEGAS, Feb. 14, 2007 (PRIME NEWSWIRE) -- InRob Ltd. ("InRob") (OTCBB:IRBL), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced that it has signed an agreement with a wholly owned subsidiary of ITE Ltd., and the Israel Aircraft Industry (www.iai.co.il) through its Ramta plant for collaboration in developing remote control systems for Caterpillar's Multi-Terrain Loader tractors, based on hydraulic remote controlled systems, as a joint product development project.
Upon completion of development and preparation of a product prototype, the three partners will sign an additional agreement defining the terms of the manufacture, marketing and sales of the product.
The company is unable at this time to assess the financial value of the agreement, but considers this collaboration as part of its activities to expand its areas of operation.
About InRob Tech
InRob Tech is an Israeli-based high-tech company specializing in the planning, manufacturing and service support of advanced wireless and remote control systems, operating all types of robots and other vehicles. The Company is Israel's leader in its field, and supports the IDF (Israeli Defense Forces), Israeli police, and other military and civilian companies dealing with security. Founded in 1988, the Company works closely with other high-tech companies to provide the most advanced and comprehensive UGV solutions to the market.
For more information, please visit our web site at http://www.inrobtech.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties.
There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.